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GC Asia
Philippines wants investment grade rating by end of Aquino’s presidency in 2017
The Republic of the Philippines wants to become investment grade within the next five years, and plans to cut its reliance on offshore debt markets for funding, said Cesar Purisima, financial secretary, this week.
The country has targeted 2017 for the upgrade, EuroWeekAsia’s sister publication Asiamoney reported, earlier this week. It has chosen this date because it is when president Benigno "Noynoy" Aquino’s ends his term in office.Aquino, whose father and mother were both former presidents of the Philippines, is not allowed
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Latest news from Emerging Markets
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The week in review: China combines QFII, RQFII schemes, industrial profits continue to grow, CSRC plans follow-on fast track
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Evergrande drags down high yield property bonds
08.15 AM -
Colombia becomes first to draw IMF FCL, could shun bonds
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Korea’s Big Hit tops 2020 charts with $820m IPO
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Olam raises S$200m Sora-linked club loan
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Further Reading
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People & Markets
The week in review: China combines QFII, RQFII schemes, industrial profits continue to grow, CSRC plans follow-on fast track
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Corp
Evergrande drags down high yield property bonds
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Latin America
Colombia becomes first to draw IMF FCL, could shun bonds
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